The future of banking redefined.
Welcome to Salaam African Bank
Salaam African Bank is one of the leading providers of financial products and services in the East African region that are fully adherent to best business ethics.
It was incorporated in 2007 and commenced business operation in December 2008.The Bank is regulated by the Central Bank of Djibouti.
Salaam African Bank strives to be the pioneer of business ethics compliant services through the use of state-of-the-art technology and up-to-date financial services.
Since its inception in 2008, the bank has made tremendous growth with extensive nationwide branch networks, ATMs; offering interest free products and services including Current accounts, savings, Investment Deposit Accounts, Assets Financing, Joint Venture, Capital Investment, documentary credits and letters of guarantees. It also offers, visa cards, master cards, POS, phone banking, utility payments and SMS notifications and electronic banking. We have partnered with other related financial services providers like Master Card, VISA, and relevant associated merchants.
For over a decade, the Diasporas and the local entrepreneurs in Djibouti have been actively looking to establish reliable connections with financial institutions throughout the region.
To provide interest free banking services that are innovative, are of high quality and are driven towards providing financial solutions to our customers.
To become the leading Banking Institution in East and Horn of Africa.
The bank is committed to ensure that it’s Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) policies are based and aligned with the guidelines of the Central Bank of Djibouti as well as regional and global institutions/bodies.
The core components of our AML policy are:
- Customer Identification & Verification
- Risk Classification
- Ongoing monitoring of account activity
- Reporting of unusual or suspicious transactions
- Cooperation with the Regulator, Law Enforcement Authority and International Institutions
- Adopt Appropriate Policies and Procedures, and Train the staffs periodically
- Record Keeping